Secondaries

Bids that came in for the private equity stakes were not ‘on par with the value of the assets’, the endowment’s CEO John Powers told PEO in an interview.

Which firms and deals are going to top our annual reader poll for 2009? You tell us.

A survey by the European industry body, INREV, revealed funds of funds managers invested just €75m in the first nine months of 2009 – down from €2.2bn in 2007. Secondaries, though, will be more important in 2010.

PCG Asset Management would run the programme, which would target original commitments of between $5m and $20m.

In an unusual proposition, the Chinese sovereign wealth fund is offering liquidity to LPs in the €11.2bn Apax Europe VII.

There has been little clarity to the US real estate markets in the past year, however things have started to change. At the recent Urban Land Institute conference in San Francisco, PERE assembled a cross-section of industry professionals to gauge their thoughts on the state of the market and the future for private equity real estate. PERE magazine December 2009-January 2010 issue.

Christina Pamberg has left the firm after four years as head of European IR and fundraising, while ex-Goldman exec Alex Fletcher has joined KKR's European client and partner group.

China Forestry, in which Carlyle has a 16.5% stake and Partners Group a 7% stake, will next month list on the Hong Kong Stock Exchange.

Simon Hamilton examines ways in which GPs can attract and retain talent, even when carried interest looks a long way off.

The listed private equity firm has sold its remaining stake in Dutch business Dockwise to a consortium of investors including Bain Capital’s credit arm, Sankaty.